- Compare Brokers
- IPOs
- Sovereign Gold Bond
- Brokers Near Me
- Sub Brokers
- Exclusive Offers
- Articles
- IPOs Grey Market Premium
- NCD Dashboard
- IPOs Subscription
- Zerodha
- Upstox
- Angel One
- PayTM Money
- Fyers
- 5paisa
- Nuvama Wealth
- Alice Blue
- SAMCO
- ProStocks
- ICICIDirect
- Sharekhan
- HDFC Sky
- Groww
Report List >
Are you a beginner or new to stock market investment? Well, we have compiled a list of top brokers for beginners like you.
These brokers provide user-friendly platforms tailored for newbies to simplify stock trading and investment journeys.
As a beginner, you must compare and review the below factors to select the right broker;
- Low brokerage is the key concern for beginners, so discount brokers are best suited
- Products availability particularly mutual funds and IPOs
- Easy and user-friendly trading platform
- Abundance of educational resources for newbies
- Competitive demat account maintenance charge (AMC)
Beginners who want to start investing in stocks may also look for a broker with free delivery trading. Such brokers charge absolutely Rs 0 brokerage on the purchase and sale of shares in cash segment.
After analysing multiple facets, among 100s of stock brokers, we have curated a list of 10 best stock brokers for beginners for trading in 2023.
Compare these brokers' account opening fee, AMC charges, delivery trading brokerage, and fees charged on trading in other segments to pick the right broker for you.
10 Best Brokers for Beginners| Most Popular Brokers
| Broker | Delivery | Other Segment Fees | Account Opening | Demat Acc Opening | Demat AMC | Review | Request Callback |
|---|---|---|---|---|---|---|---|
| Zerodha | Free | Rs 20 | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) | Free | Rs 300 PA | Open Account  | |
| Groww | 0.05% or Rs 20 whichever is lower | Rs 20 | Free | Free | Free | Open Account | |
| ProStocks | Free | Rs 15 | Free | Free | Rs 0 (Rs 1000 Refundable Deposit) | Open Account | |
| Angel One | Free | Rs 20 | Free | Free | Rs 240 PA (Waived for 1st year) | Open Account | |
| Upstox | 2.5% or Rs 20 whichever is lower | Rs 20 | Promotion offer: Free | Free | Free | Open Account | |
| 5paisa | Flat Fee Rs 20 | Rs 20 | Free | Free | Rs 300 PA | Open Account | |
Zerodha Trade@20Want to start your investment journey, join India’s Pioneer Discount Broker – ZERODHA – Free Delivery Trade, Maximum Rs 20 for F&O and Intraday, Free Direct Mutual Fund investment.Open Zerodha Account | |||||||
| Nuvama Wealth | Flat Rs. 10 per executed order | Rs 10 | Free | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Open Account | |
| Fyers | Free | Rs 20 | Free | Free | Free | Open Account | |
| Paytm Money | 2.5% or Rs 20 whichever is lower | Rs 20 | Free | Free | Free | Open Account | |
| Alice Blue | Free | Rs 15 | Free | Free | Rs 400 PA | Open Account | |
Best Stock Broker for Beginners - Final Verdict
Zerodha is the number 1 broker for beginners with Rs 20 maximum brokerage and no cost delivery trading. Also, it has designed a beginner-friendly Kite platform to provide a hassle-free trading experience to newbies.
Groww is the second top-recommended broker to first-time traders or investors. Groww app is the best platform for direct mutual fund investment at zero hassle.
Upstox and Prostocks are also doing great as they has made its platforms easy to use for beginners. Prostocks even charges just Rs 15 flat fee on trading in different segments.
Angel One and Nuvama Wealth are the other recommended broker for you that provides equity research services also. Nuvama wealth offers the lowest brokerage trading at maximum Rs 10 fee.
FAQs
Zerodha is India’s largest discount broker with having 18%+ market share in the Indian brokerage industry. There are a number of reasons behind Zerodha being the best broker for beginners such as follows;
- Instant paperless account opening process.
- Zero brokerage equity delivery trading.
- Flat Rs. 20 per order brokerage on equity intraday and futures & options trading.
- Flat Rs. 20 per order brokerage on Currency and commodity trading.
- Zerodha Kite ultra-flagship, super-fast, and modern technology platform.
- Zerodha Coin (web and app) is a free direct mutual fund investment platform.
- Varsity (web and app), free stock market education portal.
Discuss this Question
Yes, beginners looking for the lowest brokerage online trading can choose ProStocks as a preferred broking house to trade at just Rs 15 per order fee. Moreover, investment in stocks is completely free at Rs 0 brokerage. They can trade or invest on the ProStocks star app, web, and desktop platform at their ease and convenience.
Discuss this Question
Groww is an excellent platform for beginnersor newbie to invest in shares and direct mutual funds. Beginners can register KYC digitally and open an instant paperless account using Groww app. Groww offers 100% free account opening at zero account opening fee and Demat AMC charges. People can explore and invest in 5,000+ mutual fund schemes on Groww platform at zero brokerage fee whereas charges Max Rs. 20 per order brokerage on equity intraday and delivery trading.
Groww Academy is a great stock market learning platform for beginners to learn stock market basics of trading and investing. The platform has a number of modules with various chapters to provide educational content. It further has informative blogs and other educational material on the website.
Discuss this Question
If you are a newbie then you can open 100% paperless KYC based account in Paytm Money. Free Demat & trading account, Rs. 0 Demat maintenance charges, zero brokerage or commission on direct mutual funds investment, Paytm Money MF advisory, and a smart mobile trading app with detailed portfolio insights are the key advantages to trade with Paytm Money.
Investment in shares or delivery trading is also free. However, intraday and F&O trades are charged at Max Rs. 10 per order brokerage.
In Dec 2021, the discount broking firm has launched Paytm Money Wealth Academy to offer an education platform to users to learn on trading and investing concepts. The platform offers a range of courses and webinars to improve financial learning among beginners to expert.
Discuss this Question
User Reviews
More Best-Brokers reports ...List of all reports
- Best Mobile Trading Apps in India 2024
- Best Brokers for Equity SIP
- Best NRI Trading Brokers in India 2024
- Best Brokers for Options Trading in India
- Best Brokers by Customer Service in India
- 10 Best Trading Platforms in India 2024
- Best Brokers for 3 in 1 Demat and Trading Account in India
- 10 Best Brokers for Equity Trading in India 2024
- Best Stock Trading Apps
- Best Stock Brokers by Investment Offering in India
- Best Online Brokers in India
- Best Broker for Research Service in India
- Best Demat Account in India 2024
- Best Brokers for IPO Investment
- Top 10 Discount Brokers in India 2024| Best Brokers
- Top 10 Full Service Brokers in India 2024- Best Brokers
- 10 Best Brokers for Mutual Fund Investment in India 2024
- Best Stock broker for Beginners in India - Top 10 brokers
- Best Intraday Trading Brokers in India
- Best Broker for Algo Trading in India
- Best Brokers by Lowest Brokerage and Transaction Charges
- Best Commodity Trading Brokers in India 2024
- Rs 20 flat Brokerage Plan in India
- Zero Brokerage Trading Accounts in India - Free Equity Delivery Brokers
- Best Zero Brokerage Unlimited Trading Plans in India
By Popular Share Brokers
CONTACT US
SITEMAP
GUEST BOOK
ABOUT US
Download Mobile App
Our Websites
www.TraderJi.com
Stock Market Discussion Forum
www.Chittorgarh.com
IPO Review Portal
www.CompareShareBrokers.com
Best Stock BrokerReviews
www.IPOPlatform.com
Bring your IPO with us
Copyright 2023-2024 by InvestorGain.com. All Rights Reserved.
Disclaimer: InvestorGain.com has taken due care and caution in compilation of data for its website. Information has been obtained from different sources which it considers reliable. However,InvestorGain.com does not guarantee the accuracy, adequacy or completeness of any informationand is not responsible for any errors or omissions or for the results obtained from the use ofsuchinformation. InvestorGain.com especially states that it has no financial liability whatsoeverto any user on account of the use of information provided on its website.
Advertiser Disclosure: We offer two types of advertising on our website. One is the display ad -broker related and IPO related. Second, we offer an affiliate links that redirects you to astock broker's website. We have a partnership with brokers and once you become a client of abroker, we receive a affiliate relationships from the broker. We do not work with individualclients after you click on affiliate links. We do not give tips, recommendations or buy or sellcalls. The information we provide on our websites is for learning and knowledge sharing purposesonly.We have made completely un-biased reviews of stock brokers, we leave it up to you to choose theright stock broker for your financial needs. We provide up-to-date information on IPOs,buybacks, NCDs, SGB and rights issues on our website.We display GMP on our website for informational and news purposes only. We do not work or tradewith any GMP operators.
